Hello, I am looking somewhere around or in Penn 8-10 years lease remaining houses. I dont know if I am on the right site. Can I find lease remaining houses from here?
I acquired a property in Penn and it has nearly 56 years remaining. I'd like to extend the lease period
Hi. I need someone to have a look at my lease extension prior to it being signed just to ensure there's nothing that I haven't seen - it's just a reissue with a few minor variations.
My co-lessees and I are in a block made up five flats in Penn and have been offered to buy the freehold for £6000 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
I have my suspicions that my daughter is being hoodwinked. She submitted an offer on a one bedroom ground floor purpose built maisonette in Penn, where the lease is roughly seventy four years but she was told by the estate agents that the current owner had extended it to 99 years. She has now been told the homeowner was waiting for her to appoint lawyers prior to commencing with the lease extension. Sounds underhand, also it could take time to sort it all out. What do you think?
I have a share of the freehold. There are three flats in the block. All the leaseholders are now looking for lease extensions. How long will take to get a lease extension?
Offer accepted on a a ground floor flat in Penn, were told numerous times by the EA that the lease was in excess of 100 years, we have just had our mortgage offer sent through which states the lease as 85 years.Contracts were due to be exchanged in a couple of days. My query is why has this only just been brought to my attention by my property lawyers?
Coming up to 2 years that I have owned my three bed flat in Penn. I have 57 yrs outstanding on the lease. I am now wanting to purchase a share of freehold or extend my lease. I acquired the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: What can I expect in terms of surveyors charges for a lease extension? Are they usually fixed or tend to increase over time (i.e. if the process drags to the tribunal etc)?
Me and my partner are buying a maisonette in Penn which has share of freehold and a leasehold. The lease was starting to get low so the vendor is in the process of dealing with a lease extension. The vendor has submitted the lease extension paperwork to HMLR. A crucial aspect of the conveyancing process is for our solicitors to do OS1 search on the lease. The concern here is that as a lease extension has been submitted we've been told by our lawyers it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we must wait pending registration of the new lease?
I am currently negotiating a lease extension for my flat in Penn as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?